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Time and Money

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Time and Money

How Long and How Much Money is Needed to Regulate a Viable Economy

Jean-Pierre Aubin

Springer
Collection: Lecture Notes in Economics and Mathematical Systems
Publication date : 2013-08-26

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This authored monograph presents an unconventional approach to an important topic in economic theory. The author is an expert in the field of viability theory and applies this theory to analyze how an economy should be dynamically endowed so that it is economically viable. Economic viability requires an assumption on the joint evolution of transactions, fluctuations of prices and units of numeraire goods: the sum of the “transactions values” and the “impact of price fluctuations” should be negative or equal to zero. The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations.
The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.

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About the book

Author

Jean-Pierre Aubin

Imprint

Springer

Collection

Lecture Notes in Economics and Mathematical Systems

Publication date

2013-08-26

Pages

144 pages

Print ISBN

9783319000046

Language

English

Ebook informations

EAN EPUB

9783319000053

Price

£44.99

Copy count 1

Print count 14

File size 1966 Ko

Informations accessibility

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About author(s)

Jean-Pierre Aubin

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